Genesis Reveals Exposure to Bankrupt Three Arrows Capital
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Genesis said it sold collateral and hedged further downside after the crypto hedge fund failed to meet a margin call in June The amount loaned to 3AC has not been made public Cryptocurrency lender…
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Genesis Global Capital platform today filed an application insolvency under Chapter 11 of the United States Bankruptcy Code. Applications were submitted on behalf of Genesis Global Holdco and its subsidiaries Genesis Asia Pacific and Genesis Global Capital. The company presented a list of its debt obligations. Genesis recognizes liabilities to…
The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co. Genesis, a subsidiary of Digital Currency Group, has reached a restructuring agreement with key creditors according to statements by Cleary Gottlieb attorney Sean O’Neal, representing Genesis. It would see…